Aug 1 (Reuters) - Summit Resources Ltd (SMM) :
- IT HAS ENTERED INTO A BID IMPLEMENTATION AGREEMENT (BIA) WITH PALADIN ENERGY LIMITED (PALADIN)
- UNDER OFFER, SUMMIT SHAREHOLDERS WILL RECEIVE ONE NEW PALADIN SHARE FOR EVERY ONE SUMMIT SHARE HELD
- OFFER PRICE REPRESENTS APPROXIMATELY A$0.202 PER SUMMIT SHARE
- OFFER SUBJECT TO PALADIN HAVING AT LEAST 75% ACCEPTANCES & A RELEVANT INTEREST IN MORE THAN 90% OF ALL SUMMIT SHARES
- INDEPENDENT DIRECTORS UNANIMOUSLY RECOMMEND THAT SUMMIT SHAREHOLDERS SHOULD ACCEPT OFFER
- PALADIN WILL MAKE AN OFF-MARKET CONDITIONAL TAKEOVER BID FOR ALL OF ISSUED SHARES OF SUMMIT IT DOES NOT PRESENTLY HOLD
News: SMM Summit Resources Enters Bid Implementation Agreement With Paladin Energy
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Last
1.2¢ |
Change
-0.001(4.00%) |
Mkt cap ! $9.676M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $9.247K | 770.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 4570002 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 2234848 | 6 |
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| SMM (ASX) Chart |